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iQSTEL Announces Year-to-Date Revenue with Promising Forecast for 2021
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IQST - iQSTEL On Track To Meet Or Exceed $60 5 Million 2021 Forecast Reporting $29 7 Million YTD Preliminary Revenue Results
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IQST - iQSTEL Plans Offering PPS Increase After 18 Months Of High Growth Performance
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Dear Shareholders,
We would like to thank everybody for their communications with the company, reflecting their support and encouragement of iQSTEL s continuous business plan growth.
It s important to remark that FY-2020 was an amazing year for iQSTEL, setting the foundation for future growth.
Over the course of FY-2020, and Q1 FY-2021, we established 4 business divisions:
Telecommunications: SMS, VoIP, 5G International Connectivity, Ommichannel presence
Technology: Internet of Things devices and platforms (IoTSmartGas, IoTSmartTank, IoTSmartEV), and our Batteries for Electric Vehicle industry (iQBatteriesEV)
Fintech: Visa Debit Card and our remittances services (VisaMoneyOne.com)
Blockchain: Our Blockchain Platforms Developer with our Mobile Number Portability Application (MNPA) and our Settlement & Payment Marketplace (SPM)
Dear Shareholders,
While 2020 was marked by the COVID-19 pandemic, with the closure of companies and countries completely paralyzed, iQSTEL was able to advance in the development of its business plan, reaching a $44.8 Million Preliminary Revenue Benchmark for FY-2020, and having a $60.5 Million Forecast Revenue for FY-2021. This was made possible by having a clearly defined vision and execution plan.
In the course of 2020, we incorporated three new subsidiaries into our business, with the acquisition of Qglobal, LLC and IoT Labs, LLC, and the creation of Global Money One, LLC. These three new companies, combined with our existing subsidiaries (Etelix, SwissLink and ItsBchain) create a portfolio of products and services well beyond just in the telecom arena.